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FREYR
About
FREYR develops a combined 32+2 GWh lithium ion battery facility and 600 MW onshore wind-park in Rana and Nesna municipalities in Norway.
- Mo I Rana,Nordland,Norway
- 251 - 500
- https://www.freyrbattery.com/
Details
- Last Funding Type
- Post-IPO Equity
- Last Funding Money Raised
- $264.50M
- Industries
- Electrical Distribution,Electronics,Manufacturing,Renewable Energy
- Founded date
- Jan 1, 2018
- Number Of Employee
- 251 - 500
- Operating Status
- Active
- Stock Symbol
- nyse:FREY
- Legal Name
- Freyr AS
- Also Known As
- FREYR Battery
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 1, 2022 | Post-IPO Equity | $264.50M | — | — | — | Detail |
| Jul 8, 2021 | Post-IPO Equity | $600M | 6 | — | — | Detail |
| Jul 8, 2021 | IPO | $704M | — | — | — | Detail |
| Feb 19, 2021 | Grant | kr39M | 1 |
Innovation Norway
|
— | Detail |
| Jan 29, 2021 | Private Equity（PE） | — | 1 |
Sylebra Capital
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Innovation Norway
|
Yes | Grant |
Fidelity Management and Research Company
|
— | Post-IPO Equity |
Franklin Templeton Investments
|
— | Post-IPO Equity |
Glencore
|
— | Post-IPO Equity |
Koch Strategic Platforms
|
— | Post-IPO Equity |
|
Sylebra Capital
|
— | Post-IPO Equity |
VanEck
|
— | Post-IPO Equity |
Employee Profiles
